Machine method of balancing credit and debit transactions

Details Machine method of balancing credit and debit transactions Machine method of balancing credit and debit transactions

G - Physics

06

Q

354/41

G06Q 40/00 (2006.01)

Patent

CA 2026269

A method of assisting an operator in balancing large transactions with subtotals as occurs in the banking industry. A typical deposit for a bank may include several bundles of checks, with each bundle being wrapped in an adding machine tape which has thereon a total monetary amount for the checks included in that bundle, and it also includes a deposit slip which includes a grand total of the monetary amounts of all the groups of checks associated with the deposit slip. Balancing such a large transaction is performed on a bank proofing machine. A Proof Total (associated with the grand total) and a Subtransaction Total (associated with each group of documents being run) are maintained to assist an operator in finding an error when one does occur. The current "adding machine mode" of balancing is discussed for comparison with the method of this invention.

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